{"id":21464,"date":"2023-11-09T16:16:03","date_gmt":"2023-11-09T21:16:03","guid":{"rendered":"https:\/\/actec.matrixdev.net\/?post_type=video&p=21464"},"modified":"2023-11-09T16:18:26","modified_gmt":"2023-11-09T21:18:26","slug":"pitfalls-of-pay-on-death-accounts-pod","status":"publish","type":"video","link":"https:\/\/actec.matrixdev.net\/resource-center\/video\/pitfalls-of-pay-on-death-accounts-pod\/","title":{"rendered":"Pitfalls of Pay on Death (POD) Accounts"},"content":{"rendered":"\n
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A Pay on Death (POD), aka Transfer on Death (TOD) and Totten Trust, allows the account owner to designate a specific beneficiary who will receive the funds in the account upon their death, bypassing the probate process. This can help ensure a smooth and efficient transfer of assets to your intended recipient, providing financial security and reducing the burden of legal proceedings for your loved ones, but there are some drawbacks.<\/p>\n\n\n\n

ACTEC Fellows Natalie M. Perry<\/a> and Rebecca Wallenfelsz<\/a> explain how Pay on Death accounts work and what account owners should be aware of before identifying a beneficiary on the form.<\/p>\n<\/div>\n\n\n\n

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\"\"<\/a>
Natalie M. Perry <\/figcaption><\/figure>\n<\/div>\n\n\n\n
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Rebecca Wallenfelsz<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Legal experts explain common scams against senior citizens, offer tips to avoid scams and outline steps to take if you are the victim of elder fraud.<\/p>\n","protected":false},"featured_media":21466,"template":"","meta":{"_acf_changed":false,"_tec_requires_first_save":true,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_tribe_blocks_recurrence_rules":"","_tribe_blocks_recurrence_description":"","_tribe_blocks_recurrence_exclusions":"","footnotes":""},"categories":[48,37,47,49],"video-type":[58,53],"class_list":["post-21464","video","type-video","status-publish","has-post-thumbnail","hentry","category-assets-taxes","category-estate-planning","category-probate-estate-planning","category-retirement-planning-legal-considerations","video-type-actec-estate-planning-essentials","video-type-assets-taxes"],"acf":[],"yoast_head":"\nPitfalls 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